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Analysts at Thomson Reuters GFMS are waiting for an increase in the price of gold to $1,292 per ounce. The GFMS survey notes that economic uncertainty and a slowdown in US GDP growth will cause an increase in precious metal prices. The average cost of an ounce of gold in 2018 was $1,268.41, calculated by the London Bullion Market Association (LBMA). Analysts predict growth in 2019 to $1311.71 per ounce, warning that the price will fluctuate. Possible spread will be $325 per ounce. There is no exact figure, but the cost of the metal during the year will take values in the range from $1,150 to $1,475, analysts say.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
Gold prices rose earlier on Tuesday morning in Asia on the back of renewed hope as the U.S. and the Europe pledged on additional stimulus packages. In the U.S., another round of stimulus measures is underway in Congress, as previous stimulus ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
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